Lancor Holdings Limited — QIP/Rights/Pref., 21-02-2025: Issue of Securities

LANCOR HOLDINGS LIMITED has announced a board meeting where it approved the issuance of Non-Convertible Debentures (NCDs) totaling ₹25 Crores, with a face value of ₹1 Lakh each, through a private placement. A total of 2,500 securities will be allocated, with maturity projected for February 28, 2029. The NCDs will carry a 16.5% per annum cash coupon, payable quarterly. These secured debentures are expected to be used for specified funding initiatives, with penalties of 3% per month for any default in payments.